Brief: Spirit Airlines Issues Open Letter To All Spirit Guests

Spirit Airlines

18/11/2024 10:40

Nov 18 (Reuters) - Spirit Airlines Inc  SAVE.N :
    * SPIRIT AIRLINES ISSUES OPEN LETTER TO ALL SPIRIT GUESTS
    * SPIRIT AIRLINES INC - ENTERS AGREEMENT WITH BONDHOLDERS TO
REDUCE DEBT
    * SPIRIT AIRLINES INC - FILES FOR PREARRANGED CHAPTER 11
    * SPIRIT AIRLINES INC - EXPECTS TO COMPLETE RESTRUCTURING IN
Q1
2025
    * SPIRIT AIRLINES: GOT BACKSTOPPED COMMITMENTS FOR $350
MILLION
EQUITY INVESTMENT FROM EXISTING BONDHOLDERS
    * SPIRIT AIRLINES: WILL COMPLETE DELEVERAGING TRANSACTION TO
EQUITIZE $795 MILLION OF FUNDED DEBT
    * SPIRIT AIRLINES: EXISTING BONDHOLDERS PROVIDING $300
MILLION IN
DEBTOR-IN-POSSESSION FINANCING

Source text:  ID:nPnbCx5Rqa 
Further company coverage:  SAVE.N 

 ((Reuters.Briefs@thomsonreuters.com;))